Latest news
Vestas request more than top 500 companies to invest in Wind
Renewable energy is gaining ground and becomes more affordable due to its competitive costs. Through a new marketing strategy, Vestas, a Danish wind turbine manufacturer, aspires to connect with over 500 energy companies by sending personalized InMail, through LinkedIn, a business-related social networking site. The InMail will express the financial and brand building benefits of investing in renewable energy and mainly in wind power.
read more... 17/11/2011
Iraqi cabinet approved raw gas agreement
Recently, the Iraqi Government confirmed an agreement with Mitsubishi Corporation and Royal Dutch Shell creating a joint venture, called Basrah Gas Company (BGC) for gathering raw gas from three large oil fields, Rumaila, Zubair, West Qurna 1 and Majnoon situated in the southern part of the country. This is an important move toward reducing greenhouse-gas emissions, building a reliable energy supply and attracting more investments in the country.
read more... 17/11/2011
Daily – spot power prices strongly up
U.S. and Brent crude oil futures were mixed on Wednesday as a plan to reverse the line’s flow and reduce a glut at the Cushing, Oklahoma oil hub in 2012 has driven oil prices up, but pressured Brent ones.
read more... 17/11/2011
Spain to focus on renewables
Spain is a fast developing renewable energy country and it is expected to move towards by supporting even more expensive energy commodities. Three Spanish companies, Iberdrola, Gas Natural and Endesa registered heavy incomes benefiting from the renewable boost. The chairman of Iberdrola, Sanchez Galan said the company made wrong steps with the development of solar PV power, and will make efforts to avoid such “moving” relative to solar thermal power.
read more... 16/11/2011
EU to cut down its fuel import bill by at least 50 billion Euros
The European Union is striving to reach its main two goals: to reduce carbon emissions by 20 percent and raise the share of renewable energy in the energy mix by 20 percent by 2020, target difficult to be fulfilled. So, the EU is likely to reduce its fuel import bill by 50 billion Euros per year, move that would create new jobs under a new “energy “ plan and open other benefits for the householders.
read more... 16/11/2011